CUE DESIGN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CUE DESIGN
Largest movements
- Receivables within one year -€57,816
down €57,816 (-60.5%), from €95,585 to €37,768
of which Trade receivables: -€57,736
- Tangible fixed assets +€55,292
up €55,292 (+546%), from €10,132 to €65,424
of which Plant, machinery and equipment: +€35,568
- Deferred charges and accrued income -€13,427
down €13,427 (-23.0%), from €58,354 to €44,927
- Cash +€3,760
up €3,760 (+64.1%), from €5,865 to €9,625
mainly Receivables within one year (+€57,816) and Trade debts (+€16,987)
- Intangible fixed assets -€2,050
no longer reported in 2024 (was €2,050)
- Other debts -€36,600
down €36,600 (-97.3%), from €37,618 to €1,018
- Trade debts +€16,987
up €16,987 (+479%), from €3,549 to €20,535
- Profit (loss) carried forward +€9,097
no longer reported in 2024 (was -€9,097)
- Current portion of long-term debt -€4,823
down €4,823 (-33.3%), from €14,473 to €9,651
- Reserves +€2,824
new in 2024: €2,824
- Gross operating margin -€51,326
down €51,326 (-61.3%), from €83,788 to €32,462
- Depreciation +€5,064
up €5,064 (+75.6%), from €6,697 to €11,761
- Financial charges +€4,382
up €4,382 (+118%), from €3,699 to €8,081
- Other operating charges -€1,333
down €1,333 (-65.6%), from €2,031 to €699
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,186 | €158,981 | -€14,205 | -8.2% |
| Fixed assets | 21/28 | €12,182 | €65,460 | +€53,278 | +437% |
| Intangible fixed assets | 21 | €2,050 | - | -€2,050 | |
| Tangible fixed assets | 22/27 | €10,132 | €65,424 | +€55,292 | +546% |
| Plant, machinery and equipment | 23 | €9,200 | €44,768 | +€35,568 | +387% |
| Furniture and vehicles | 24 | €933 | €20,656 | +€19,724 | +2,115% |
| Financial fixed assets | 28 | - | €36 | +€36 | |
| Current assets | 29/58 | €161,003 | €93,520 | -€67,483 | -41.9% |
| Stocks and contracts in progress | 3 | €1,200 | €1,200 | = | 0.0% |
| Stocks | 30/36 | €1,200 | €1,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €95,585 | €37,768 | -€57,816 | -60.5% |
| Trade receivables | 40 | €93,310 | €35,574 | -€57,736 | -61.9% |
| Other amounts receivable | 41 | €2,274 | €2,195 | -€80 | -3.5% |
| Cash at bank and in hand | 54/58 | €5,865 | €9,625 | +€3,760 | +64.1% |
| Deferred charges and accrued income | 490/1 | €58,354 | €44,927 | -€13,427 | -23.0% |
| Total equity and liabilities | 10/49 | €173,186 | €158,981 | -€14,205 | -8.2% |
| Equity | 10/15 | -€2,535 | €9,386 | +€11,921 | |
| Contributions | 10/11 | €6,562 | €6,562 | = | 0.0% |
| Reserves | 13 | - | €2,824 | +€2,824 | |
| Distributable reserves | 133 | - | €2,824 | +€2,824 | |
| Profit (loss) carried forward | 14 | -€9,097 | - | +€9,097 | |
| Amounts payable | 17/49 | €175,721 | €149,594 | -€26,126 | -14.9% |
| Amounts payable after more than one year | 17 | €36,517 | €36,517 | = | 0.0% |
| Financial debts | 170/4 | €36,517 | €36,517 | = | 0.0% |
| Amounts payable within one year | 42/48 | €139,204 | €113,078 | -€26,126 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €14,473 | €9,651 | -€4,823 | -33.3% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €3,549 | €20,535 | +€16,987 | +479% |
| Suppliers | 440/4 | €3,549 | €20,535 | +€16,987 | +479% |
| Taxes, remuneration and social security | 45 | €8,564 | €6,874 | -€1,690 | -19.7% |
| Taxes | 450/3 | €7,179 | €5,005 | -€2,174 | -30.3% |
| Remuneration and social security | 454/9 | €1,385 | €1,869 | +€484 | +34.9% |
| Other amounts payable | 47/48 | €37,618 | €1,018 | -€36,600 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,697 | €11,761 | +€5,064 | +75.6% |
| Other operating charges | 640/8 | €2,031 | €699 | -€1,333 | -65.6% |
| Gross operating margin | 9900 | €83,788 | €32,462 | -€51,326 | -61.3% |
| Operating profit (loss) | 9901 | €75,060 | €20,002 | -€55,058 | -73.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,699 | €8,081 | +€4,382 | +118% |
| Recurring financial charges | 65 | €3,699 | €8,081 | +€4,382 | +118% |
| Profit (loss) for the period before taxes | 9903 | €71,362 | €11,921 | -€59,440 | -83.3% |
| Income taxes | 67/77 | €749 | - | -€749 | |
| Profit (loss) for the period | 9904 | €70,612 | €11,921 | -€58,691 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,612 | €11,921 | -€58,691 | -83.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.